How do you value Bitcoin ? - page 17.

mackenzied

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Quote from: Shamie1002 on July 22, 2017, 08:03:42 AM

I think that the most common way to value Bitcoin is like valuing other currency by another currency.
Seeing to it that we all know all the factors that causes or affects supply and demand equilibrium.
Also the time we hold bitcoins. Time is very important factor.

Currently, people only evaluate bitcoin by the value of USD or Euro, which is the legal currency in the world. There is not any virtual currency that can evaluate the value of bitcoin; in contrast, their value is evaluated by bitcoin.

CryptoBry

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The value of Bitcoin is always depending on the current demand and supply system...the more there is a demand for it the more we can expect its value to rise. We are usually pegging it into the dollar because the dollar is still the most dominant international currency though there is also an equivalent value for it in Euro and in other currencies.

The Bitcoin is now almost touching the $2,800 level because the FUD phase is over and there is now an assurance of no split though we are technically still waiting for August 1 when the scaling solution can be implemented. Bitcoin will rise more after August 1.

malikusama

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The value of anything in the market depends upon its supply and demand, same as here bitcoin value is based on its demand in the market. The price is increasing day by day as the number of users are increasing, this is because of the increasing popularity of bitcoin among the people.

BrewMaster

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like Gollum in Lorn of the Rings. i sit on top of a rock every night and i start caressing my paper wallet and mutter these words: "It came to me, my own, my love, ... my precious"

CODE200

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Quote from: Shamie1002 on July 22, 2017, 08:03:42 AM

I think that the most common way to value Bitcoin is like valuing other currency by another currency.
Seeing to it that we all know all the factors that causes or affects supply and demand equilibrium.
Also the time we hold bitcoins. Time is very important factor.

Yeah you are right it is all about the supply demand and equilibrium. However, that is the most important factor in the bitcoin since the cryptocurrency have a limited supply only so the tendency of the price of it is always up if there's people who are continue to buy bitcoin and other currency.

amacar2

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If you look at historic price of bitcoin you can see that value of bitcoin will increase with time. Just few days ago many newbie traders have sold their bitcoins for less than $2000 and right now price is over $2700. This shows how having patience will increase value of bitcoin you will hold with time.

foxbat

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Quote from: Shamie1002 on July 22, 2017, 08:03:42 AM

I think that the most common way to value Bitcoin is like valuing other currency by another currency.
Seeing to it that we all know all the factors that causes or affects supply and demand equilibrium.
Also the time we hold bitcoins. Time is very important factor.

No, time is not the most important factor, everyone's belief is the most important factor, when everyone believes in bitcoin, they will keep it for themselves, and then the supply Become less, the value of bitcoin will definitely increase.

erpbridge

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I value bitcoin purely based on the market hype and the supply and demand. Over the years, I feel it has been obvious that bitcoins have no real value. And the only value they have is from the hype in the news and all which determine its price.

fathur.aza

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I want usd or euro or you can barter to give the value of bitcoin, if bitcoin will not increase because of the form of coin even though time is running.

smileee

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Quote from: Shamie1002 on July 22, 2017, 08:03:42 AM

I think that the most common way to value Bitcoin is like valuing other currency by another currency.
Seeing to it that we all know all the factors that causes or affects supply and demand equilibrium.
Also the time we hold bitcoins. Time is very important factor.

I appreciate Bitcoin. It is a currency break. In just 8 years it has been worth thousands of dollars a Bitcoin. It will soon dominate the world currency.

yohananaomi

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Maybe it can be equated with the money used for the purposes of day-to-day, because to get his course we need the same time as we work to make money, it is not wrong with the price and its benefits with the value of other money.

bucker steemit

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yes. Your thinking is very precise, we should appreciate bitcoin as we appreciate other currencies. Even more because in the future bitcoin will be widely known.

J Gambler

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Quote from: Shamie1002 on July 22, 2017, 08:03:42 AM

I think that the most common way to value Bitcoin is like valuing other currency by another currency.
Seeing to it that we all know all the factors that causes or affects supply and demand equilibrium.
Also the time we hold bitcoins. Time is very important factor.

it depends on how you manage it, sometimes we value bitcoin because we can have a profit on it , we can have an extra money for our everyday needs, and it can help us to buy and provide the things of our families it can also help us to have an investment for the future, bitcoin really help us so we value it as a source of income for us.

YOYOY

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I value bitcoin as a currency that could change the world of currency on Earth, because of it's optimistic flow in the world of cryptocurrency. Just what like it been doing in the past months it's really something to be valued for before it start in just a single penny then an increase for a thousand dollars that's also to be valued for, even in just that instances it is worth to be valued.

Ayers

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you can give value with usd or euro or you can do barter to give a value to bitcoin, and bitcoin don't grow over time, its value grow because there is more usage, i think the value is very well related to usage

Shamie1002

full member

Activity: 406

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I think that the most common way to value Bitcoin is like valuing other currency by another currency.
Seeing to it that we all know all the factors that causes or affects supply and demand equilibrium.
Also the time we hold bitcoins. Time is very important factor.

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